Taking Risks
By valerievy
@valerievy (162)
Guam
November 21, 2012 11:36pm CST
Do you think this picture's quote is worth applying to your life? And what do you think should be your limit to taking risks? I've personally been struggling with this issue in my life these days. I want to follow advice like "carpe diem," or more recently, "YOLO-you only live once." But I'm so conscious of how my words and actions might affect the people I love who might not agree with me. It's a very controversial topic.
4 responses
@jenny1015 (13359)
• Philippines
22 Nov 12
When you take risk, you should be aware of the repercussions that will happen. So you must know if the risk you are about to take is really worth it or not. But if you are taking a risk to show who you really are, then I guess that is one risk that you have to take.
@jenny1015 (13359)
• Philippines
23 Nov 12
That's right! You may not be the risk taker type but sometimes we do need to take a step further that the usual to be able to prove something not only to ourselves but to others as well.
@valerievy (162)
• Guam
23 Nov 12
Thank you for your response. Yes, that is why I'm really considering taking this particular risk.. to show who I really am. I have to be able to stand up for myself even if it risks repercussions. I think the consequences, whether good or bad, are worth taking the risk. But then again, I am the kind of person who is uncertain and not really a risk-taker. Yet this is something that I feel I must do in order to grow as an individual.
@valerievy (162)
• Guam
20 Dec 12
Thanks for your response. Yes, that is true. Although I don't think being risky is a big part of my personality, I feel that these days that part is coming out more and more. I think that it's been kept under control for much too long that it's ready to breakthrough. I think that love is definitely a big factor in taking risks.
@Iriene88 (5343)
• Malaysia
22 Nov 12
I used to say "Viva La Vida" and my son told me "YOLO" 
This thoughts always cross my mind every now and then. I said I must
live life to the fullest! Drive a stylish car, go on holiday - luxurious
cruise perhaps. Just turn the globe and hit it, decide there and then to go
the places it hits on. But, do I willing to take the risk? taking my hard
earned saving and just spend it. What will happens later?
So, I read this book by Harv Eker. He said we should start to save 10%
of our income into a 'play account'. Spend the amount inside as you wish
and feel good about it. With that you will earn some more to spend like
that again. At the same time we save another 10% for investment. let the
money work hard for us too!
This thoughts always cross my mind every now and then. I said I must
live life to the fullest! Drive a stylish car, go on holiday - luxurious
cruise perhaps. Just turn the globe and hit it, decide there and then to go
the places it hits on. But, do I willing to take the risk? taking my hard
earned saving and just spend it. What will happens later?
So, I read this book by Harv Eker. He said we should start to save 10%
of our income into a 'play account'. Spend the amount inside as you wish
and feel good about it. With that you will earn some more to spend like
that again. At the same time we save another 10% for investment. let the
money work hard for us too!@valerievy (162)
• Guam
23 Nov 12
Thank you for your response. I agree with you about learning to save and put my investments toward the future. It's very wise advice. I do keep in mind to put money aside as savings and emergency fund. I like to control my budget and maintain separate accounts, one for saving and one for spending.
I guess, my "YOLO," or as you say "Viva La Vida" moment is mainly geared towards an important life decision.. not so much in terms of financial aspect though. If anything, there is no monetary obligation on my part. But thank you again anyway for the reminder about being wise about saving for the future and making our money work hard for us.
@JamesKYTan (1605)
• Malaysia
22 Nov 12
I do take risk in live but not much. I too fear of wrong investment.
Once we make a mistake, our hard earned saving is gone. I need to
keep the money for my old age and for my son education. Therefore,
I am not willing to risk anything at this point of my life. If I am
in my twenties, I would because I have the ability to work and earn back.
@valerievy (162)
• Guam
23 Nov 12
Thank you for your response. I have a similar fear of investing in the wrong things. I was recently looking into stocks, and I'm not a very big risk taker. So I've mainly just settled for regular savings account that earns interest. I've looked into certificate of time deposit as well, which supposedly yield higher interest since you cannot touch the money you deposit until it has matured, but the rates for time deposit are not very high at the moment. That's a wise decision to think about saving for old age and also your son's education. After all, the children are our future. Your son is lucky to have you think of him and his education for the future.
